Manager - Compliance - BFSI

JOB SUMMARY:

- Establish and continuously improve a consistent compliance framework for the identification, management, monitoring and reporting of compliance risks and issues.

- Eye for detail and expertise in performing banking compliance functions, advisory and testing.

- Understanding of Regulatory laws, regulatory strategies especially in the areas of Liabilities, Advances, Forex &Treasury Compliance.

- Adequate exposure to the Compliance Monitoring and Testing framework and implementation

- Experience in KYC and AML related areas alone not preferred

2. PRIMARY RESPONSIBILITIES:

Financial / Business:

- Continuously improve a consistent compliance framework for the identification, management, monitoring and reporting of Compliance risks and issues.

- Identification and prioritization of compliance issues. Adherence to policies, procedures, processes, checklists, controls and inputs for training programs

- Assist in the Implementation of compliance plans in conducting compliance testing and thematic reviews and product reviews.

- Assist with the implementation of compliance risk assessment process ensuring that the compliance risks are appropriately identified and assessed

- Adequate exposure to the Compliance Monitoring and Testing framework and implementation

Customer:

- Communicating with regulators and assisting with regulatory enquiries and inspections

- Handling compliance monitoring tools and support branches & various units of the Bank to promote the Compliance culture

- Provide functional support to internal departments in areas of compliance with regulatory bodies, dissemination of circulars issued by regulators etc

Internal Processes:

- Monitor the compliance at Department and Organisation level

- Interpret data, perform fair and responsible banking analysis and validate results

- Conduct compliance risk reviews and provide guidance for risk assessment in various business areas and evaluate the effectiveness of internal control system. Testing, monitoring & reporting and investigations related to banking compliance

- Implementation Review of new / modifications of products and processes

Learning & Performance:

- Keep updated with the best practices of compliance and governance frameworks, methodologies and emerging practice, compliance monitoring and risk assessments

- Train personnel to ensure that they understand their responsibilities in complying with regulations. Provide compliance monitoring trainings to relevant Department and other nodal officers in departments

- Keep abreast of the latest changes, if any, in the regulatory environment pertaining to the SFBs

- Monitoring and Testing capabilities for all Business, Support and Control functions.